Right time for investors to buy property in Delhi NCR

Delhi NCR

Luxury property market in Delhi NCR  is largely driven by High Net-worth Individuals (HNIs). However, in a scenario where economic downturn is biting every industry, real estate buyers in this segment are also observed to be confused in investing in high ticket size apartments. In conversation with Neha Nagpal of Magicbricks.com Bureau, Gautam Thapar, director, Thapar Group talks about luxury market trends in Delhi NCR. Excerpts from the interview:

What is the trend in Delhi NCR? Is the middle-class income group moving towards lifestyle and luxury living?

The middle-class income group is inclined in moving towards affordable luxury or value living luxury, especially if it is to buy for themselves only and not for investment reasons. When I say affordable luxury, I mean apartments greater than 2,000 sq feet and within the Rs 2 crore budgets. Similarly, the current trend in Delhi NCR, depending on one’s income bracket, is to upgrade from the existing plotted houses in congested localities to better upscale residential towers with far more amenities and ranging less than the price of their existing homes.

What is the profile of buyers of luxury apartments?

The typical profile of a buyer of a luxury project similar to our project – ARTHAH is someone who wants to upgrade to a newer building with superior design, more facilities and someone looking for their new home to be a status symbol for them. In specific terms, I would mean a small to medium size business owner, an entrepreneur, a top company executive, government employees on high posts etc.

Which investments are more – local or NRI’s? Can you give us the ratio?

Local investors are definitely more and the ratio would be 60: 40. However, with the recent dip in the value of Rupee, more NRIs are investing in Indian real estate. The growing disparity in the values of Dollar and Rupee will result in more appreciation on any investment in the long run. Even developers are targeting NRIs since the last eight months as they know that NRIs are better placed to deploy funds than the local investors in the current economic scenario.

Is it this the right time to invest in a property in Delhi NCR? And why?

Yes, this is the perfect time to invest in a property in Delhi NCR as the market has slanted largely in the favour of the buyer. In the last few months, high interest rates and inflation had resulted in low demand. Therefore, this year the developers are offering good discounts and pre-launch benefits to the investors. A wise investment is more likely to yield high appreciation in the long run.

Source:  magicbricks.com

For more Information     Sanjay Rastogi,     Email Us       Properties in Delhi NCR       Real Estate Developers in Greater Noida   Or SMS :SAVIOUR at 53030

Advertisements

About Saviour Builders

Saviour Builders Pvt. Ltd. is one of the leading real estate developers in Delhi NCR. The Saviour Group is the tantamount to deliver contemporary quality amid excellence and diverse innovation. It has emerged as one of the prominent entities in the real estate sector of India and is into residential, commercial and township projects in and around Delhi NCR. The Group devotes its complete dedication to reach higher and build better. With its immense hard work and loyalty, Saviour has accomplished the dream of delivering various tremendous infrastructures round the city. We intend to provide you with affordable houses in the Delhi NCR region. Some of its significant projects like Saviour Greenisle, Saviour Park, Saviour Street, Gaur City -1, Gaur City -2 and many more have created a new benchmark within the trade. Today, we have our presence at Noida, Noida Extension, Greater Noida (West) and Ghaziabad. We, at Saviour, are building homes based on trust and you are invited to build your future with us. We help you live your dream of living in style.

Posted on November 7, 2013, in Real Estate and tagged , , , , , , , . Bookmark the permalink. 1 Comment.

  1. Keeping in view about the Real estate sector in India. I can strongly say that it would be a good time for everyone to buy even a little part of site in any metropolitan cities.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

%d bloggers like this: